Sustainability in the heavy lifting industry

Cost efficiency and sustainability, two topics that are frequently discussed in the offshore and maritime industry. There are many developments and innovations going on in this area.

First VLGC Joins DryShips' Fleet

Greece-based owner of dry bulk carriers DryShips has taken delivery of the previously acquired very large gas ...

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Petredec to Order Up to Four VLGCs in China

Singapore-based Petredec Holdings (Eastern) has decided to further expand its fleet with up to four very large gas ...

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DryShips Bags Financing for Four VLGCs

Greek shipowner DryShips has won “firm commitment” for a senior secured credit facility of up to USD ...

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DryShips Wades Deeper into Tanker and Gas Carrier Markets

NASDAQ-listed Dryships Inc has entered into agreements to acquire six vessels for a total gross price of USD 268 ...

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DryShips Opts to Buy Second VLGC

Greek owner of drybulk carriers DryShips Inc. has exercised its second option to acquire a very large gas carrier ...

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Dorian LPG Reports Modest Profit amid Lower Rates

US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG ended the third quarter of fiscal year ...

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DryShips Wraps Up First VLGC Purchase

Greek owner of drybulk carriers DryShips Inc. has acquired a very large gas carrier (VLGC) for a price of USD 83.5 ...

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DryShips Buys First VLGC

Greek owner of drybulk carriers DryShips Inc. has exercised its first option to acquire one very large gas carrier ...

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DryShips to Enter Gas Carrier Market with Four New VLGCs

Greek owner of drybulk carriers DryShips Inc. has agreed to enter into a “zero cost” option agreement ...

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KOTC Looking to Order Eight New Vessels

Kuwait Oil Tanker Company (KOTC) has opened a shipyard pre-qualification process for the design, construction and ...

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BW LPG Remains in Loss amid Depressed Spot Rates

Oslo-listed gas carrier owner BW LPG has reported a loss of USD 60.4 million in the third quarter of 2016, compared ...

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VLGC Oversupply to Put More Pressure on Freight Rates

High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers ...

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New VLGC Joins BW LPG's Fleet

Singapore’s gas carrier owner BW LPG has further expanded its fleet as it took delivery of the first of four ...

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VLGC Rates Under Pressure amid US Cargo Cancellations

A wave of cargo cancellations from the US is putting additional pressure on Very Large Gas Carrier (VLGC) rates, ...

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Dorian LPG Slips into Loss

US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG posted a net loss of USD 1.3 million for ...

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Last of Eight New Gas Carriers Joins BW LPG's Fleet

Singapore-based owner and operator of very large gas carriers BW LPG Limited has further expanded its fleet with ...

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BW LPG Seals Financing for Newbuilding Quartet

Oslo-listed BW LPG Limited has signed a debt facility agreement worth USD 221 million for the financing of four of ...

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Aurora Adds Two VLGCs, Expects Third Soon

Norway-based liquid petroleum gas transporter Aurora LPG Holding ASA has taken delivery of two very large gas ...

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Astomos' New VLGC to Sail the Expanded Panama Canal

Japanese LPG company Astomos Energy held a naming ceremony for its newest very large gas carrier which will be able ...

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Helios LPG Pool Takes 8 VLGCs on Board

 Helios LPG Pool LLC, an LPG vessel pool jointly operated by Dorian LPG and Phoenix Tankers Pte, has reached an ...

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KSS Line Lays Keel for VLGC, Orders One More at HHI

South Korean shipbuilder Hyundai Heavy Industries has signed a contract for the construction of another LPG ...

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